Spectroplast AG, a Swiss startup that specializes in silicone 3D printing, has closed a Series A financing round. While the amount of this new capital is undisclosed, this funding round saw the participation of AM Ventures and HZG Group, two VC firms that focus their activities on the AM market.
While HZG Group is new to this investment round, AM Ventures was already part of the latest funding round the company raised. Given the scarcity of silicone materials, the startup plans to accelerate its R&D efforts for the development of new materials for 3D printing and their qualification for new applications. As part of its plans, the company will also strengthen existing customer relationships.
Dr Pablo Hafner, Chair of Spectroplast AG, commented: “We are delighted with the confidence shown in us by the two most prominent VC firms in 3D printing start-ups. With HZG Group, we have not only secured fresh capital for further company growth but will also benefit from important entrepreneurial impetus from industry pioneers who have established metal as a completely new material for industrial 3D printing. Similarly, we want to establish silicone and the world of elastomers in the industry.”
Dr Florian Bechmann, CTO of HZG Group, emphasized: “With Spectroplast, silicone is becoming a high-end polymer for the 3D printing industry. We believe in this theme, the management team, and their expertise in consistently exploiting the many positive material properties of silicone for 3D printing. Thanks to its chemical structure, silicone has a high biocompatibility and is very resistant to environmental influences and temperature.”
“We are very pleased with Spectroplast’s successful financing round. The HZG Group is an experienced investor that will provide valuable impetus for the company’s strategic development and intensify cooperation in a key technology of the future. Together with the strong team in Zurich, we want to fully exploit the transformative potential of silicone in industrial 3D printing and drive Spectroplast’s expansion into new markets,” said Johann Oberhofer, Managing Partner of AM Ventures.
In terms of resolution and material performance, Spectroplast is the technological leader in silicone solutions for 3D printing. Applications range from prototypes and simulation models in medical and industrial applications to products in medical technology, robotics, and consumer electronics.
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